Isabel lopez age 18 recently recievedan inheritance of, Financial Management

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Isabel lopez age 18 recently recievedan inheritance of

Isabel Lopez, age 18, recently recievedan inheritance of $50,000 from her grandmother's estate.

She plans to use the money for the down payment on a home in 10 years when she finishes her education. Right now the funds are in a savings account paying 1% APY.

How much would Isabel have in 10 years if she purchased a ten year CD paying 3%?

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Financial Management: Isabel lopez age 18 recently recievedan inheritance of

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